Cenovus Energy Inc T.CVE

Alternate Symbol(s): CVE | CVE.WS | T.CVE.WT | T.CVE.PR.A | CNVEF | T.CVE.PR.B | T.CVE.PR.C | T.CVE.PR.E | T.CVE.PR.G

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.

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Cenovus Energy Inc > $83 oil

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Comment by oilandgasmickon Oct 18, 2021 12:49pm

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Post# 34018672

RE:RE:RE:RE:RE:RE:$83 oil

It has long ben suspected that OPEC doesn't have the spare capacity that they claim to have. It's really an old story. People are not aware that most of the big Saudi oil fields (Ghawar included) were discovered in the 1940's and 1950's and have been on water-flood for decades. Even with the next step- tertiary techniques- they can't last forever. This is why new investment money was so important but I think that ship has sailed. You have to pay the piper.

A lack of wind in Europe has put a serious dent in the fairy tale of alternate energies--and Winter is coming.

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